Algert Global LLC Purchases New Shares in Tellurian Inc. (NYSEAMERICAN:TELL)

Algert Global LLC purchased a new position in shares of Tellurian Inc. (NYSEAMERICAN:TELL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 70,645 shares of the oil and gas producer’s stock, valued at approximately $49,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of TELL. Vanguard Group Inc. grew its stake in shares of Tellurian by 12.5% in the 1st quarter. Vanguard Group Inc. now owns 37,380,931 shares of the oil and gas producer’s stock valued at $24,724,000 after purchasing an additional 4,149,531 shares during the last quarter. Millennium Management LLC grew its position in Tellurian by 174.5% in the 2nd quarter. Millennium Management LLC now owns 14,833,537 shares of the oil and gas producer’s stock valued at $10,274,000 after buying an additional 9,430,606 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Tellurian by 22.9% in the 1st quarter. BNP Paribas Financial Markets now owns 1,785,943 shares of the oil and gas producer’s stock valued at $1,181,000 after buying an additional 333,362 shares during the period. Foundations Investment Advisors LLC raised its position in Tellurian by 8.9% during the 2nd quarter. Foundations Investment Advisors LLC now owns 1,439,118 shares of the oil and gas producer’s stock worth $997,000 after buying an additional 117,400 shares during the last quarter. Finally, Swiss National Bank lifted its stake in shares of Tellurian by 13.8% in the 1st quarter. Swiss National Bank now owns 1,326,400 shares of the oil and gas producer’s stock worth $877,000 after acquiring an additional 160,900 shares during the period. 48.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, B. Riley reiterated a “neutral” rating and set a $1.00 price target (down from $2.50) on shares of Tellurian in a research note on Monday, July 22nd.

Insiders Place Their Bets

In related news, Director Diana Derycz Kessler sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $0.95, for a total value of $950,000.00. Following the completion of the transaction, the director now directly owns 1,050,000 shares of the company’s stock, valued at $997,500. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.00% of the stock is currently owned by company insiders.

Tellurian Price Performance

Tellurian stock opened at $1.00 on Friday. The company has a 50 day simple moving average of $0.72. Tellurian Inc. has a 1-year low of $0.36 and a 1-year high of $1.07. The stock has a market capitalization of $892.85 million, a P/E ratio of -3.33 and a beta of 2.56. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.27 and a current ratio of 0.27.

Tellurian (NYSEAMERICAN:TELL) last issued its earnings results on Thursday, August 8th. The oil and gas producer reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04). Tellurian had a negative net margin of 129.88% and a negative return on equity of 20.24%. On average, equities research analysts anticipate that Tellurian Inc. will post -0.19 EPS for the current fiscal year.

About Tellurian

Tellurian Inc engages in the natural gas business worldwide. It operates through three segments: The Upstream, The Midstream, and The Marketing & Trading. The company produces, gathers, purchases, sells, and delivers natural gas; acquires and develops natural gas assets; and develops, constructs, and operates liquefied natural gas terminals and pipelines.